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Statistical function
GAMMA.INV
Returns the inverse of the gamma cumulative distribution.
Rarely usedDifficulty 1550 · AdvancedUsage rank #445 of 520
When to use it
The value at a given cumulative probability of the gamma distribution.
The shape of it
- Syntax
=GAMMA.INV(probability, alpha, beta)
Worked examples
Round trip
=GAMMA.INV(0.59399415,2,1) → 2
Inverts the GAMMA.DIST example.
Exponential median
=GAMMA.INV(0.5,1,1) → 0.693147181
The median of an exponential with mean 1 is LN(2).
Round trip
=GAMMA.INV(0.864664717,1,1) → 2
Another round trip.
Worth knowing
- Random gamma values: GAMMA.INV(RAND(),alpha,beta).
- Percentiles of claim severity for reserving.
- Replaces GAMMAINV.
Where it goes wrong
- #NUM! for probability outside 0 to 1 or non-positive parameters.
- Iterative, so extreme parameters can be slow.
Related
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